RATE Group | Bitcoin Cash Miners Preparing Controversial “Miner Tax” to Reward Devs
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Bitcoin Cash Miners Preparing Controversial “Miner Tax” to Reward Devs

22 Jan Bitcoin Cash Miners Preparing Controversial “Miner Tax” to Reward Devs

Posted at 22:24h in Bitcoin News by

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Miners on the Bitcoin Cash network appear to be preparing a plan to finance the protocol’s development using their own block rewards. The controversial plan would see 12.5 percent of the total BCH coinbase go towards those building on the network.

Those behind the plan say that it is impossible for developers to work without financing. They reason that existing solutions to the problem present their own problems.

Bitcoin Cash Miners to Trial Rewards Programme

According to a Medium post by the CEO of the mining pool BTC.Top, development of cryptocurrency protocols are often underfunded. Jiang Zhuoer and other leading mining pool operators are proposing a scheme by which miners themselves will pay developers. Zhuoer himself describes the topic as “controversial”.

The CEO writes that other efforts to fund cryptocurrency development as flawed. Previously, developers have had to appeal for corporate sponsorship. This, for Zhuoer, is problematic since it limits the work to areas that…

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